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What is Aura?
Temple of abundance built upon a prospering balancer ecosystem
BALstakers, Aura provides a seamless onboarding process to
veBAL, by creating a tokenised wrapper token called
auraBALthat represents the
80/20 BPTlocked up for the maximum time in VotingEscrow (read more about what this means). This can be staked to receive existing rewards (
bbaUSD) from Balancer, in addition to a share of any BAL earned by Aura (read more about the fees), and additional
AURA. This minting process is irreversible however users can trade their
BALthrough an incentivised liquidity pool.
For Liquidity providers, Aura abstracts complexity of depositing into the Balancer gauge system, providing a smooth onboarding process to all Balancer gauge deposits. Aura allows depositors to achieve a high boost through the protocol owned
veBALwhile also accumulating additional
AURAtoken acts as a governance and incentivisation tool within the ecosystem. Locked
AURAtokens will have governance rights in the system and will be able to vote using the protocol owned
veBALvoting power as well as on internal proposals.